Interest – Aptitude MCQ Questions – 07 Posted on July 9, 2020July 9, 2020 by admin Question 1Asmita invest an amount of Rs. 9534 @ 4 p.c.p.a to obtain a total amount of Rs. 11442 on simple interest after a certain period. For how many years did she invest the amount to obtain the total sum? A. 2 years B. 4 years C. 5 years D. 10 years Question 2Mohan lent some amount of money at 9% simple interest and an equal amount of money at 10% simple interest each for two years. If his total interest was Rs. 760, what amount was lent in each case ? A. Rs. 1700 B. Rs. 1800 C. Rs. 1900 D. Rs. 2000 Question 3At what rate of simple interest per annum can an amount of Rs. 1553.40 be obtained on the principal amount of Rs. 8630 after 3 years? A. 4 p.c.p.a B. 5 p.c.p.a C. 7 p.c.p.a D. 8 p.c.p.a E. None of these Question 4Deepak invested an amount of Rs. 21250 for 6 years. At what rate of simple interest will be obtain the total amount of Rs. 26350 at the end of 6 years? A. 5 p.c.p.a B. 6 p.c.p.a C. 8 p.c.p.a D. 12 p.c.p.a E. None of these Question 5A certain sum of money becomes three times of itself in 20 years at simple interest. In how many years does it become double itself at the same rate of simple interest ? A. 8 years B. 10 years C. 12 years D. 14 years Question 6A person borrows some money for 5 years and ratio of loan amount : total interest amount is 5 : 2. Then find the ratio of loan amount : interest rate is equal to = ? A. 2 : 25 B. 2 : 1 C. 5 : 2 D. 25 : 2 Question 7The interest earned on Rs. 15000 in 3 years at simple interest is Rs. 5400. Find the rate of interest per annum. A. 11.5 B. 12% C. 12.5 D. 15% Question 8If simple interest on Rs. 600 for 4 years and on Rs. 600 for 2 years combined together is Rs.180, find the rate of interest. A. 4% B. 5% C. 5.5% D. 6.25% Question 9The effective annual rate of interest, corresponding to a nominal rate of 6% per annum payable half yearly is = ? A. 6.06% B. 6.07% C. 6.08% D. 6.09% Question 10 What sum will amount to Rs. 7000 in 5 years at 3*1/3% simple interest ? A. Rs. 6300 B. Rs. 6500 C. Rs. 6000 D. Rs. 5000